GOLD (XAU): EW, the cycle might be done (forget 2k for a while).
Well, referring at my last idea in which we are into an E leg before the last wave 5 in the bull run (related in the follow), I think that it might be wrong.
In fact, analyzing the entire cycle of gold, I think that it is done and there arent anymore waves 5 to complete, cause the 5th has been completed at 2076 $.
So, in this idea I would suggest the possibility of a Leading Diagonal (as wave A or Wave1) formed beetwen 2076 and 1676.
This could be means that we are just started the formation of a sub-wave A (composed by an impulsive 12345) inside a bigger C wave that potentially can goes to $ 1520 | 1412 | 1275 as main targets.
Anything beyond that 1275 would means that we arent into a C wave but in a new bear cycle heading probably around 500$ price area.
So, the next potentially big short area would be beetween 1795 and 1845 (watching closely at 1817) for the formation of B or 2nd wave inside this count.
I will post screenshots in the comments of the idea.
In fact, analyzing the entire cycle of gold, I think that it is done and there arent anymore waves 5 to complete, cause the 5th has been completed at 2076 $.
So, in this idea I would suggest the possibility of a Leading Diagonal (as wave A or Wave1) formed beetwen 2076 and 1676.
This could be means that we are just started the formation of a sub-wave A (composed by an impulsive 12345) inside a bigger C wave that potentially can goes to $ 1520 | 1412 | 1275 as main targets.
Anything beyond that 1275 would means that we arent into a C wave but in a new bear cycle heading probably around 500$ price area.
So, the next potentially big short area would be beetween 1795 and 1845 (watching closely at 1817) for the formation of B or 2nd wave inside this count.
I will post screenshots in the comments of the idea.
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Typo error into description: "next potentially big short area would be beetween 1795 and 1845*..."not 1845 but: 1875
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the red rectangle into the drawing is correct btwNota
be carefull, this might be possibile, i really dont understand the main count (would be for real the E leg like in my previous idea linked below?) Nota
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mid terms possibile paths: Nota
Btw the inner count shows this to me: Nota
What i can potentially count atm Nota
Alternate count: Nota
If this is a 5 3 5 i think we are in wave 2: Nota
This is a possibile alternative scenario (bear); if 1819 will breaks probably we will stay into an A down: Nota
This is the possibile scenario in which im looking at rn: Nota
The other possibile scenario according to this idea would be this: Nota
Actual count of the potential inner B wave:Nota
Actual situation: Nota
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The B maybe already completed: Nota
This maybe a valid count actually: Nota
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Lets see if the Wave E inside the big B (abcde) is completed. In this case... we should have a strong and sharp big move down as C Nota
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Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.